inthemoneystock (< 20)

Chesapeake Energy Losing Steam

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Chesapeake Energy Corp.(NYSE:CHK) is a leading natural gas stock that has been under pressure since yesterday when it traded as high as $35.37 a share. Today, Chesapeake Energy stock is trading lower by 0.37 cents to $33.64 a share. Should the stock decline further throughout the day short term scalp traders can watch the $33.00 and $32.50 levels as intra-day support. The $32.50 area looks like a very attractive as an intra-day bounce area for the stock.